KB Kookmin Bank Lowers Mortgage Loan Interest Rates and Raises Home Equity Line of Credit Limit to 150 Million KRW

[Asia Economy Reporter Buaeri] KB Kookmin Bank will lower mortgage loan interest rates by 0.1 to 0.2 percentage points from the 7th of this month until the 6th of next month. However, considering the potential surge in loan demand, this will be operated on a temporary basis.

A Kookmin Bank official stated on the 6th, "We are temporarily lowering interest rates to ease the financial burden on actual housing fund borrowers."

Looking at the types of mortgage loans, the new COFIX-based variable interest rate will decrease by 0.2 percentage points from the current 3.67?5.17% to 3.47?4.97%.

The new balance COFIX-based variable interest rate will also drop by 0.2 percentage points from 3.77?5.27% to 3.57?5.07%, and the fixed interest rate (hybrid type) for mortgage loans will fall by 0.1 percentage points from 3.85?5.35% to 3.75?5.25%.

Starting from the 7th, Kookmin Bank will also increase the maximum limit for credit loans (overdraft accounts) under the limit transaction method.

The limit for professional occupation products (KB Doctor Loan, KB Lawyer Loan, Ace Professional No-Guarantee Loan, etc.) will be raised from the existing 50 million KRW to a maximum of 150 million KRW, and the limit for general office worker products (KB Reliable Employee Credit Loan, KB Salary Transfer Credit Loan, KB STAR CLUB Credit Loan, Headquarters Approved Group Credit Loan, etc.) will also be increased to 100 million KRW.

This content was produced with the assistance of AI translation services.